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The Camden Jonraal.
PUBLISHED BY - - a nnirt< THO. J< tV AKKJCin OE l. A jrmvjL<i| EDITORS AND PROPRIETORS. TERMS. For the Semi. Weekly, Three Dollars and Fifty Cents if paid in advance, or Four Dollars if payment is dc* luycd three months. For the Weekly, Two Dollars and Fifty Cents in advance, or-Tlirce Dollars after the expiration of three months. From the Baltimore Son. THIRTY-FIRST CONGRESS 1ST SESSION. Washington, Feb. 18, 1850. SENATE, After much debate, the bill to release the sureties of Samuel Swartwout was passed. The Senate took up the President's message communicating the California constitution, the question being on the motion of Mr. Benton to refer the same to the committee on territories 1 " n..i: with instructions to report a oiu aaminmg California as a State, unconnected with other measures. Mr. Clemens spoke at length, and urged that California had no right to form jrState government ' He commented upon a supposed concert of action between the lion and lamb of the Senate in favor of this motion to force California into the UnionHe saw no reason why a dissolution of the Union should not be possible, but, if not, the responsibility of the consequences must rest on the North. He commented upon the views of Mr. Cass. Mr. Cass explained. I believe, said he, the Wihnot Proviso to be unconstitutional. If the proposition had at first been presented to me I would have voted for it, When it was first presented, the Southern men did not show the resistance to it which they have rlnna Snmn nf were in favor of it. uvuv* --v...*- .. _ Subsequently Mr. Cass said he looked into the subject, and found that there was no power in the constitution to prohibit slavery from the territorial communities. He was confirmed in his opinion by a consultation with Justice McLean. He would put nothing in opposition to the Union. . As to the Wilmot Proviso, it was a project of mischief. Every age has its Wilmot proviso. It came in shapes of all varieties- once it came in the shape of a tea tax. The South had become excited, and the Southern members were determined to keep ahead of the excitement Mr. Cass went on to say, he had heard violent threats long enough. These things, commenting on Mr. Mason's speech, he said, drive us to the wall. I have heard threats enough thatNew York is to be like modern Tyre, and the Southern cities like ancient Tyre that the North is to be made desolate I cannot stand this any longer, i said Mr.Cass. We are in- the hands of God, and what he will do with us 1 know not But from men and their prudence and moderation, he had.no hope. The storm had rolled over him, and he was broken down* This was his last session here. If a Northern man would not say that slavery was the best institution in the world, the Southern men denounced him as an abolitionist At homo, his moderate course caused mm to be denounced as a dough-face. Fire and blood were invoked on both sides. Every age had its "Wilmot proviso, and sometimes it came in u.":e shape and sometimes in another. It was a pretext lor commotion. Mr. Clav denied the right of the Senator from Alabama to animadvert upon any supposed intercourse between him (Mr. Clay) and Mr. Benton. He did, however, say that there was no such concert. His personal relations with that Senator had been restored, and he was glad of it Mr. Clemens contended that he had a right to allude to a combination which appeared to afl'ect the public interests. Mr. Foote spoke at length on the subject of the dangers that surrounded the country, and expressed the opinion that there was a plan to smuggle California into the Union; and that Mr. Clay's resolutions conceded every thing to the North and nothing to the South. am.... i,. lfir. v/iuj oaiu iiv *>aa uic uvok anuocu mnn in the country. Mr. Cass. With one exception. (Laughter.) Mr. Clay spoke of the abuse heaped on him by the abolitionists, and that he should see their assaults, they sent hint their letters and papers. Mr. Cass. I can show bushels of them sent to me. Mr. Clay. One word. With respect to the right of the Senator from Mississippi to comment ..... o.. c I iln nnt mipatinn Hut tlin nrpntlp. UIX IIIJ UVIWJ * V ...w ^ - man seems to reflect upon the object of a supposed concert between me and the Senator from Missouri. Mr. Foote utterly disclaimed any such intention. He had, in his printed speech, previously denied the same inference. Mr, Clay went on to refer humorously to some apparent inconsistency between the Senator's remarks to-day, and a conversation of much in twit had taken nlace between him and the Senator this morning. After some remarks from Messrs. Foote, Clay, Hale, Butler and Dickenson, the subject was postponed, and the Senate adjourned. 1IOCSB OF REPRESENTATIVES. The morning hour was taken up in tho rcception of reports from committees. Mr". McLane, from the committee on commerce, reported a bill amendatory of the act establishing the Mint and regulating the coin of the U. States. Mr. McL. explained that the bill was an exact copy of the 31st section of the act of 1837, except in one particular. The act of 1837 directs the Secretary of the Treasury to keep on dcpos - _ r.._ *t. 11 in IHU IIJilll ^ MJI wit- |!ui|iudt: ui pui i/iiaoiug uui* lion, the sum of $1,000,000. This bill merely authorizes him to keep on hand, if it bo necessary, the suin of $2,000,000. This was rendered positively necessary, in consequence of the increased amount of bullion placed on deposit derived principally from California. Mr. Bayly suggested the idea that the increase to the amount proposed for, might affect the bonds of the Superintendent of the Mint and the Sub-treasurers by the change of the baeis fo: which they wore given. Mr.McLanedid not so regard it. ITic bond: of the Superintendant did not have regard par ticularly to the amount of money on deposit, bu were for the safe keeping of the arodlint directe< to be kept The penalty of the bonds at anj rate was equal to that of the Sub-treasurers wh< had a much greater amount at times under thei control. But as a matter of abundant precau tion he would submit an amendment to remedj rtViirt/ finn nf nri ntlpmRn from Vireiuia M.V VUJVV..V.. ... 0 (Mr. Bayly.) He then introduced as a proviso a proposition directing titeSecretary of theTrea sury to cause a renewal of the bonds of the Su periutendeut of the Mints and of tlie Sub-treas urj. After a few remarks by Mr. Thompson, o Miss., and Mr. McLane by way of explanation Mr. Burt moved that the bill be referred to tin committee of the whole on the state of the U nion and demanded the previous question. The previous question hud a second. Thi question was then put on motion of Mr. Burtlt was decided in the negative. The amendinen | of Mr. McLane was adopted, and the bill dual [ ly passed as amended. Un motion ol iur. inge uie ruies were bus pended, and tlio House resolved itself into com mittee of the whole on the state of the Union (Mi Boyd in tl e chair) and took up the propositioi to refer the President's annual message to th standing committee. Mr. Bay, of Mo., who was entitled to th floor, deprecated all discussion of such excitinj subjects as that of slavery, but as it had been in troduccd for discussion, he advised that it shouli be done in a calm and argumentive manner. Mr. B. then' proceeded to discuss the slaver question at considerable length. He was in lii vor of admitting California, but opposed to he present boundaries, on account of her havinj too much sea coast as well as too much territo rv_ I ~J ' The admission of California, he said, was dc raanded by the voice of the people and publi justice. He alluded then to the supposed actio; of Mr. King in California to cause the interdic tion of slavery there. That gentleman, he saic | was more than 100 miles from the spot wher | the Convention met which formed the Constitu tion and interdicted slavery. The Conventioi was composed of 48 members 12 of whoa were native bom citizeus of that country; of th remainder sixteen were from the southern State and 20 from the northern States. When th vote was taken in that Convention to interdic slavery, every man from the southern State voted ro exclude slavery.Mr. Thaddeus Stephens, of Pa., followed in powerful anti-slavery speech, maintaining priii oirtnllv tiat tho pYistpiic.e of Rlaverv retarde the growth of ttie Southern States in prosperi ty and all that pertained to true wealth an happiness. Mr. Buel next obtained the floor and move the following amendment to the resolution pro posing to refer a portion of the message to th Committee on .Foreign affairs:"With instruc tions to inquire whether, at any perivd in th late struggle between Hungary and Austru when the lutter sought the intervetion of Kussi witli a powerful army, Hungary had not in lac triumphed over Austria; and whether the Prcsi dent by neglecting at that time to recognize th settled policy of this country in recognizing d facto governments, disappoint tho friends c tniJnitiin fn tlin Qtrmnnftiitio nt i llt'UUUIll) OlIU UU IIUI^IIVV iv IUV 0MU|m imgu> wishes of the American people." Mr. Buel occupied the floor nn hour iu poi traying the brilliant efforts of the Hungarian for liberty and independence; and arguing th duty of tins Government to have acknowledge th existence of an independent Governmen there before the armed intervention of Russi: After Mr. B. concluded, Mr. Russell, of la obtained tho lloor, but gave way to a inotio that the committee rise. The committee the j .1.. II.... ... ..4 A n'i.l.. L- u.l;..., w,/l rose, aim ujv nuux, .ic v.w.., 11V . Charleston, S. C., Feb. 15, 1850. To the Stockholders of the S. C. li. It. Coilipany Gentlemen 1 was not present when tli J following resolutions were introduced, and re I ported to have been passed, unanimously, b tlic meeting. 1 heard of them, but had not th opportunity of reading them until this afternoor JudgeKing ottered the following: " Resolved, That the thanks of the Stock holders are due, and they are hereby tendere to Col. James Gadsden lor the enterprise, enei gy and fidelity with which he has discharged th high trust confided to him, during periods i great difficulty and embarrassments in the ai lairs of this Comnanv. " Resolved. Tliut a free ticket over theRoac for life, be and is hereby tendered Col. Jame Gadsden, Lady, and servant." "Enterprize, energy and fidelity" impart n claims to the freedom of your Rood. My exper ence, and " fidelity" to the interests of the Con pany have proven adverse to the indiscriminat distribution of free tickets. I cannot, therefor* accept a tender which seems to give me a priv lege not enjoyed in common by every othc Stockholder, possessing, perhaps, in a pre-cm nent degree, the very high qualities which hav been ascribed to Your obedient servant, JAMES GADSDEN. Mhrtixo iv Xkw YouK. The Nei York correspondent of the Philadelphia Ledge says: "Great preparations are making for tin great mass meeting for the Union, I spoke of day or two ago. it will be held in the Pari There is some danger, however, that the pol ticians will kill it off. "A second meeting, with the same object i view, (ostensibly) is advertised to take place a Tammany Hall, on Saturday evening next." Pi.aims Tim r!nmnti sir>nr>s nr der the Mexican treaty have nearly complete their labors, and it is thought their awards wi scarcely reach the maximum sum fixed by th treaty. $3,500,000. A Smash. Ten freight cars on the Providenc railroad were literally smashed to piocos on Tuet day morning, in consequence of being thrown o I . a i. i... it. i I.? e _ i i ..r _r .l. uie uacK uy me ureabingoi a wneei ui one 01 ui cars. Fortunately no person was injured. r TPMIE jTOTOHAIL. _ ! CAMDEN, S. C. } TUESDAY EVENING, FEBRUARY 20, 1850. J DEATH OF CAPT. M. M. LEVY. r We regret to announce the death of our fellow . townsman, Capt. M. M. Levy, late Sheriff of Kery shaw District. We are unable to give tho partiu culars, and will only state that we understand he died an hour or two after he was attacked with the " disease which terminated his existence. He was on a visit to his friends in Mississippi, and died at the residence of T. S. Anderson, Esq. The time, we are unable to state. l The Post Office at Granny's Quarter in e this District, has been discoutinued by the Post' master General, on account of the resignation of1 the Postmaster, James Love, Esq., and the inexpediency of continuing the office at that place. All mail matter intended for that office, should in ftj . ture be addressed " Camden, S. C." SUGGESTIONS TO STOCKHOLDERS OF THE S. C. RAILROAD COMPANY. We refer the reader to an article in to-day's pail per under the above caption. The hints thrown e out are well worthy of consideration. The plan proposed by the writer to unite the capital stock of e the bank with that of the Road, we think is a prac= ticable one. The requisition lor twenty-five dolI lars per share more, if not a lake in is certainly a call in which, under the circumstances connected y with the building of the Camden Branch, amounts . to the same thing. The suggestions referred to, r are submitted for the purpose of provoking discusrr sion. as well as to suesrest wavs and means to meet 3 ' oo u a contingency which must be provided for in some manner. The road cannot pay pimple interest while a tremen dous weight of debt is pressing like c an incubus upon it. n :* Our thanks to the Hon. J. Woodward for Smith's New Map (1850) of North America, and e the Gold Region of California. i u OAr thanks to Hon. A. P. Butler, and Hon. John u McQueen, for various public documents, e s jr*? Jir. Jicuume ana air. rreston, ot aoutn e Carolina, excepting John C. Calhoun, the most ,t brilliant and commanding politicians of South Carolina, since the days of rinckney, we regret to 8 learn, are now in utter and hopeless imbecility and idiocy, from softening of the brain the disease a which terminated the intellectual life of Southev so i- long before his physical decease. So we read in d the New York Tribune, but we cannot but hope [. there is some mistake in this, d We copy from the Baltimore Sun of the 20th instant, this extract, and take pleasure in correctd ing the statement. Col. Preston is the President >- of the South Carolina College, under whose able O Il.Ml'bllU.l tlAfl 4Vk~ v lllillliijjciliciii uiai iiinuiuiiuu uao jiiv^icicu iui !* some time past, and may proudly compare with e any other. His health has been feeble; but we are l' pleased to. say it is better at present. His inteliecj tual powers are yet .vigorous. In regard to Gen. I MeDuffie, we are not fully advised. His health for c a length of time, has been very feeble, and, as is e natural to suppose, his mental, as well as physical ,f abilities, have been greatly impaired. d The "Scenes on the Hudson," tkc., Vere .. exhibited in this place at the Female Academy, s during the past week, and were well patronized, c giving satisfaction to those who visited the Hall. \ d They are next to be exhibited in Columbia, where it our friends may have another opportunity of bel holding the representation of the grandeur and su bliinity of Nature, u n We have been handed a Prospectus of a new paper to be started at Sumterville, entitled the Black River Watchman. Gilbert and DeLormo Publishers. J. Witherspoon Ervin and T. B. Frar" ser, Editors. 8*2,50 in advance. 0 I- TIIE SABLE MINSTRELS, y Advertised to perform here on the 18th instant^ 0 where are they ? Don't care much about knowing '* only like to keep the run of things. [Etf" Charleston, for many weeks, lias abounded ^ with amusements of various kinds. Recently the Kohnstocks and Reisinger have delighted the mu"j. sical circles with their "concord of sweet sounds.'' j. California and the. Gold Mines have glittered before lie gaze of admiring thousands. The birthday of j our beloved Washington must have been ce'e,s brated with ail unusual degree of spirit by the citizens of Charleston, evidencing that the lapse of o time and ages cannot lessen the love which is clieri islied for his memory. Upon him i- " May the weary eye repose ;e When gazing on the great, lf Where neither guilty glory glows, j. Nor despicable state; Yes. one the first, the last, the best. Thi: Cincinnatus of the West, l" Whom envy dared not hate." i THF MASS MEETING AT TAMMANY IIALL PREVENTED. A call was mado for those " opposed to the Wilmot Proviso and friends of the Union" to meet x 011 Saturday night at Tammany Hall, New York. ' A party of ruffians (robbers of public quiet) led by jj "some half a dozen demagogues who possess neia ther personal nor political influence, prevented the t. meeting from taking place." They entered the i- Hall by force, seized upon and dragged out persons favorable to the proposed meeting, and comn initted other outrages disgraceful to human nature. Northern letter-writers and correspondents tor Southern papers may sing the lullababy of peace as long and loud as they please, but there is no 'j peace. Such creatures can only be brought to their jj senses in one way : that way may be easily imae gined. Reason cannot teach them; persuasion cannot teach them; let fphce teach them. The Charleston Mercury, in noticing these disgraceful e proceedings, says: j. " This outrage does not in tin? least surprise us. A The anti-slaverv party is essentially revolutionary, lawless and ruffianly. In regard to the South It e has in all points the characteristics of a brotherhood of buccaneers, What clee can it he expected ' to he at home than a horde of ruffians?? Moreover, the spirit of these proceedings is quite in accord 1 a. xt. _ v 1. t Willi tne resolves <II uie new xuriv A-c^iciaiurc, and must be considered ihe response of the mob to the enactments of its representatives." The Genius of American liberty, may now well be represented as standing upon some lofty verge? looking with interest most intense, upon the drama now being enacted. Wave after wave of aggression has been rolled upon the South storm after storm of fanaticism has beaten upon the fated craft, still the South clings to the "ship of State," while every cry from the watchers at the hehn is that "new billows" are driving it further and further out upon the raging surge, Foofe, Clemens, Butler, Downs, Clingman, Venable, Seddon, Johnson, and others, have risen and warned the aggressors to desist. The almost unanimous voice ot the south has echoed in their ears tlie war-cry 44 Equality or Independence*' still the cry is " they come." Already has the Genius half raised her wand which when raised, is to inspire every southern heart, to dissolve a Union which cripples their prosperity and brings with it disgrace and insult her eyes are tun>ed upon Ihe two master spirits yet to be heard in the Senate. Anxiously does she wait for the rising of some star to show the way to the redemption of our rights. If they fail if the territorial Committees fail then must we forget the bright Goddess who gave us the eventual triumph of'76> or at once destroy an alliance with men, who hurl upon us an oppression, to which the tea-tax, stamp duty,&c., bears no comparison. Men at the North have sacrificed themselves for us, and has southern blood become so tame, that they must fall alone. Said Cass, u The storm has rolled over me I am broken down. This is my last session here.*' And some in the South are afraid, to talk of dissolution. Can see no necessity for a Southern Conventien. Depend upon it, those men are not the descendants of those who hailed with triumph the Banner of the "stars and stripes," and of those whose eyes kindle# with enthusiasm, when they heard of the bright deeds of those better days. Editorial Gleaning*. We regret to announce the death of Mr. James S. Burgea, long a respectable inhabitant of this city Charleston Mercury, 23J ins/, The experiment of laying the wire under ,ws. tcr was tried by a steamboat ascending the Wateree River, a few days since. The wire, how. ever, has been restored to its "post," and our communication with the North re-established. Hon. Jefferson L)a\'is has been re-elected United States Senator by the Legislature of Mississippi, for six years from the 4th of March next. Expensive Joking. A publisher in Boston has been arrested for selling valentines in the form of banknotes. The fine is fifty dollars. Rather ex pensive Joking. "Mammoth Ox. An Ox was offered at auction in Washington a few days since, which weighed 3*219 ponnds. The bids went up as high as 160 dollars, when the animal was withdrawn 200 dollars being the price set by the owner. ' Sew Post OJpce. A new l'ost Office has been established at Bradford Springs Female li.stitution, Suinter District, and Edwin Cater appointed Postmaster. A simple Rvle. To ascertain the length of the day and night at any time of the year, double the time of the sun's rising, which gives the length of the night, and double the time of setting, which gives the length of the day. Sacics. The liondon Dispatch says that the Russian is greatly superior to the English navy in numbers, and is armed to a certain extent by the intrepid Finlanders. Depreciation. With regard to the depression in the railway provcrty of Great Britain, it is estiina. ted that the gross total Ics6 cannot be short of eighty mi lions sterling. We recently heard a good story of two persons engaged to fight a duel. After the first fire, one of the seconds proposed that they should shake | hands and make up. The other second said that | he saw no necessity for that, for their hands had I been shaking ever since that began Yankee Blade. | Cabinet Meetings. The Presidenllias adopt! ed Wednesday and Saturday of each week, instead : of Monday and Tuesday, as heretofore, for the re! gular meetings of the Cabinet. Upon emergency and important occasions, they arc ordered by special notice. ' The President has recognized Ferdinand Karck ..I Voiit oo P/manl nf t lia Prao o nrl T Jo r.ono UI A Ul H| aa V/UIIOUI ui uio A I Vb ouu tinuo^atic city of Hamburg, for that city. S. CAROLINA MEDICAL ASSOCLVTION. We learn from yesterday's Courier, that at a stated meeting of the Board of Counsellors, held immediately after tlie adjournment of the Association, the following officers were elected to serve j for the ensuing year: Dr. J. MOULTRIE, President. Dr. R. E. WYIJE, 1st Vice President. Dr. E. GEDDINGS, 2d Vice President. Dr. D. J. CAIN, Recording Secretary. Dr. J. A. MA YES. Corresponding Secretary. Dr. W. T. WRAGG, Treasurer. Dr. T. Y. SIMONS, Orator for 1851. Mr. Hannegan. The New York Globe, of Tuesday, savs: " We perceive that our late Minister to Berlin, Hon. Edward A. Hannegan, has returned in Piironn ami n iinruntiul fpinnri nf nnr<z wlin knew him intimately abroad, authorizes us to say that the letter defamatory of Mr.Hannegan, published in the Whig papers in Boston, and copied elsewhere, makes nothing but statements utterly without foundation. Mr. Hannegan never tasted a drop of ardent spirits during his whole residence ut Europe, and his conduct was of a most amiable and exemplary character un. der all circumstances, Tlio stories, therefore, of the letter writer Jn question aro most cruel as well as uinnst, and were no dou^t the nianu frtoturo of some jjersonal il|-looting and malignity, We trust that the journals which gave unintentional circulation to those malicious charges against Mr. Hannegan, will copy this corrooti<HKw 5 - n> TELEGRAPHIC INTELLIGENCE. Reported F.xprwly for the Journal. Charleston, Feb. 25,1850. Tltere were no buyers t>day, the Steamer's accounts having prostrated the market. Only 100 i _ i i j i.xi i e oaies weresuia, hi 1^5. xreaiers are waning mr their private letters. Reported for the Charleston Courier. Baltimore, Feb. 24. New York Market Saturday Eteniug. The Cotton market is firm. Dealers are awaiting the expected advices by the British steamer. Tim tt*ruil.*'w* coIuj oinnnnt tn crn'ontuuit hales, and at the close of business, fair Uplands were quoted at 13 5-Sc. Disaster*. The Silk store of L. N. Stevens & Co., in Pearlstreet, has been destroyed by lire, and the loss thereby is estimated at $100,000, of which $50,000 was insured. The steamer Antelope, of Philadelphia, bound South, was totally wrecked oflTHog I.-4an<j, on Saturday. The passengers were saved. New Orlfans, Feb. 21. Yesterday the Cotton market wastirni, and 10OO hales sold. The letters by the Europa have come to hand. Sugar is steady. Prime Molasses quoted at 21 cts. To-day 5000 bales Cotton sold at unchanged prices. Middling quoted at 11 3-8. Gaine*' Casr, <fr., The Gaines'cat-e, which has been in course ot trial for a number of days, was decided this forenoon. The decree, which was against Mrs. Gaines at all points, was given hy Judge McCaleb of the District Court. Judge McKinley declined giving the decision on account of a disagreement with the other Judges. It is proliable that there will be an appeal to the Supreme Court of the United States. For the Camden Journal. Suggestions to the Stockholders in the South Carolina Rail Road to vrhich their special attention is respectfully inriled. At the late meeting, in Charleston, of the Stockholders in the South Carolina Rail Road Company, a report and resolutions, drawn up apparently with great care, and remarkalde clearness and ability, were ltrought in by a committee of which Mr. Daniel RaveneL was chairman. Pending a motion to lay them on the table, when they were thoroughly discussed and well understood, one of the resolutions which contained the point of discussion, was amended to read as ioiiows : * Resolved, Tliat it be referred to tbe Directors to call upon the Stockholders for payment of the balance of $25 due on the shares of the Capital Stock, by instalments, provided, however, that the instalments shall not exceed $5 each, nor be required at shorter intervals than 90 (lavs. And provided,that the same, in whole i l it i < % % % or in pan, stum do iounu indispensably necessary. The report jfoos on to eaj " tliat they recommend the payment of the balance due. Without it the probable increase of indebtedness * will be $420,000, with it, the aspect of our affairs would be materially improved. The $*25 per share on 38,810 shares held by the Stockholder*. would produce $970,350 If inn of thi* fund tlie contemplated expenditure* be paid, *ajr 635,000 j . ; I .,1.1 There will lie left about $334,000 To be applied to the de!rt* !ie*id < which in thi* event, the proceeds of tlie safe* of the Iron re moved from the Hamburg road would reduce the debt 315,000 Making tlie probable reduction of debt .'00,000 Other cofiiderations commend tfie measure. " Tlie right to call for instalments has depressed our Stock. Investments will not, in general, be desired when they involve a liability to farther payment, and at uncertain times, which it may not he convenient to meet. This apprehension i b dug removed the Stock would become tytore i saleable. The oavinent of neariv a million of capital could not fail to increase confidence in , the enterprise, and to operate favorably upon the interests of the Stockholders. Nor is there reason to apprehend that the additional payment would not prove a good investment; on the con trary, it Is a fair assumption that th.* sooner and the better the road is prepared for the business in prospect the sooner and the more fully will this and the outlay already made be rendered profitable. The iuterests of the Stockholders, and of the Company are identical. If the Company be disembarrassed, the individual members will immediately feel the benefit. N or ought they to think hardly of the proposed call." The motion to lay on the bible was lost by a vote of 29 to 33, and they were then referred to the Directors. This was a close vote, and whether this large minority, among them the stateproxies, think hardly of it or not as Mr. Ravenel seemed to anticipate, they certainly are opposed to the call. This money was not subscribed as. an investment or as subscriptions are usually made to a bank or other money making con cern, it was from the promptings ot public spirit, in answer to eloquent appeals to their patriotism, and the duty of every good citizen to promote the common good. This was, as is well known,more especially the case with those who- subscribed to aid in building the Camden Branch, for if to invest alone had lieeu their object they could have went into the market and bought the road and bank shares together for about the same money that they paid for their shares in the road. Many took stock imprudently, who were really not able out of their own means to pay for it, and were therefore compelled to l>or row the money or sell property to pay the 875* No chance was left them to forfeit the first pay* montsas in the original charter. They were told that the shares were 875, and as far as they had to do with it, that was the fixed price, as tin* number of shares held by many persons will clearly show. When called upon to help along the rail road, some said they would go so much, for instance I know men who named 8*2,000, and took 2G shares. Now, it is not doubted, that the Directors have the legal power to force the payment of 8*25 a share, but because they have t/.e power, do.es that justify the proceed* ing? The truth is, as ;vs$erted Ivy Cot Gadsden in Ids last report, and that is the real source of alt our trouble, which should be deeply impressed on every one interested, tlyit our rail road was begun to be built, and has been struggling on with inadequate means, which forced it to go in debt to go on at all, and this debt, like other borrowed capital, has to be attended to first, while the owners of the road, as in any other